Americas

MidSouth also removed Cloutier's son as part of what it called a "transition plan already under way to improve” performance.

The acquisition will provide South State with more than $3 billion in assets and a larger operation in North Carolina.

TowneBank's acquisition of Paragon Commercial Bank would give it access to several North Carolina markets.

Growth in commercial real estate loans is a big reason the New Jersey bank had a strong quarter.

State Street won $110 billion of new asset-servicing business in the quarter.

The Greenwood, Village, Colo.-based credit union was sued by Denver Metro Fair Housing Center over alleged discrimination against women on maternity leave.

The New York company also reported a wider net interest margin and lower noninterest expenses.

Profits at the Dallas lender plunged as it slashed originations and edged up the credit spectrum.

Northwest, which produced lackuster first-quarter results, said it will close all 44 offices of Northwest Consumer Discount Co. by mid-July. The unit’s loans will be transferred to Northwest’s bank for servicing and collections.

Allyson Morrow named presiding officer, Jim Minge appointed by Texas governor.